Arotech Corporation (ARTX) Shares Bought by GSA Capital Partners LLP
GSA Capital Partners LLP increased its position in Arotech Corporation (NASDAQ:ARTX) by 105.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 166,100 shares of the aerospace company’s stock after acquiring an additional 85,100 shares during the period. GSA Capital Partners LLP owned about 0.63% of Arotech Corporation worth $590,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its holdings in shares of Arotech Corporation by 73.5% in the first quarter. Goldman Sachs Group Inc. now owns 48,311 shares of the aerospace company’s stock worth $143,000 after acquiring an additional 20,461 shares during the period. Credit Agricole S A bought a new stake in shares of Arotech Corporation in the first quarter worth $676,000. Essex Investment Management Co. LLC grew its holdings in shares of Arotech Corporation by 35.9% in the second quarter. Essex Investment Management Co. LLC now owns 436,266 shares of the aerospace company’s stock worth $1,549,000 after acquiring an additional 115,254 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Arotech Corporation by 32.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,082,745 shares of the aerospace company’s stock worth $3,194,000 after acquiring an additional 264,407 shares during the period. 21.57% of the stock is owned by institutional investors.
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Shares of Arotech Corporation (NASDAQ ARTX) opened at 4.10 on Monday. The company has a 50 day moving average price of $3.67 and a 200 day moving average price of $3.45. Arotech Corporation has a one year low of $2.25 and a one year high of $5.00. The company’s market cap is $107.49 million.
Arotech Corporation (NASDAQ:ARTX) last issued its earnings results on Tuesday, August 8th. The aerospace company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). The firm had revenue of $21.45 million during the quarter, compared to analysts’ expectations of $22.70 million. Arotech Corporation had a positive return on equity of 3.20% and a negative net margin of 3.09%. During the same quarter last year, the business earned ($0.03) EPS. Equities analysts predict that Arotech Corporation will post $0.18 EPS for the current year.
ARTX has been the subject of several research analyst reports. Zacks Investment Research lowered Arotech Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. B. Riley reaffirmed a “buy” rating and issued a $4.50 price objective on shares of Arotech Corporation in a report on Sunday, August 13th.
Arotech Corporation Company Profile
Arotech Corporation is a defense and security products and services company, engaged in providing interactive simulation for military, law enforcement and commercial markets, and batteries and charging systems for the military, commercial and medical markets. The Company operates through two segments: Training and Simulation Division, and Power Systems Division.
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